BasedLine
Date: 17-August-2011
KSE-100 Index
Previous Index 11,166.10
Current Index
11,233.75
Change % 0.61%
YTD (CY11) -6.56%
YTD (FY12) -10.10%
KSE-100 Index
Previous Index 19,920.67
Current Index
20,112.06
Change % 0.96%
YTD (CY11) 6.95%
YTD (FY12) -3.94%
International Indicators
 
Close
%age
BSE-30 16,730.94 -0.65
HANGSENG 20,212.08 -0.24
NIKKEI 225 9,107.43 0.23
FTSE 5,357.63 0.13
DJIA 11,482.90 1.90
SSEC 2,608.17 -0.71
NASDAQ 2,555.20 1.88
 
Close
%age
TASI 6,053.72 -1.34
KSE(Kuwait) 5,840.90 0.27
BSE 1,266.22 -0.06
MSM 5,454.60 -0.44
ADX 2,585.80 -0.55
DFM 1,466.50 -0.26
QSE 8,137.00 0.28
Capital Market Overview

Market watch : Stock market gains after five sessions

After five trading sessions of continuous decline, the stock market finally recovered from the dark amid positive news for oil marketing companies on Tuesday. The KSE-100 benchmark index gained 68 points or 0.61% to end the day at 11,233.75 points. more... (ET)

NAVs and Returns
as of August 16, 2011
Funds Offer Redemption
POGSF
10.07/-
10.07/-
YTD Return
14.73%
POAIIF
51.80/-
51.28/-
YTD Return
16.32%
POAAAF
50.37/-
48.11/-
YTD Return
-2.79%
POIAAF
53.78/-
52.44/-
YTD Return
0.36%
POAF
11.42/-
YTD Return
12.29%
Funds Rating
AMC
AM3
POAIIF
A+ (f)
POAF
AA-
  Jun-11 May -11
MoM (%)
AUM's (PKR bn) 221.51 220.07 0.66%
No of AMCs 26 28 -7.14%
No of Funds 119 117 1.71%
KSE Market Data
KSE Market Data
Capitalization
Volume
Traded Val.
KSE Return
 
(USD bn)
(Rs. bn)
(Sh. mn)
(Rs.bn)
(YTD)
KSE100
31.87
2,741
22.75
1.61
-6.56%
KSE30
6.48
557
16.34
1.56
-7.23%
KMI30
4.77
410
12.09
1.29
6.95%
KSE All
34.79
2,991
26.77
1.66
-6.60%
August 16, 2011
GDR
GDR Closing
GDR (USD)
KSE(Rs)
LSE(Rs)
YTD Chg.
MCB
2.60
174.23
112.58
-12.58%
OGDC
14.90
129.51
129.03
-15.35%
UBL
2.00
59.04
43.30
-4.64%
LUCK
1.70
72.42
36.81
2.23%
August 16, 2011
F.I.P.I.  
(USD 000)
Buy Value
Sell Value
Net Value
Foreign Individiual
2.45
-0.12
2.32
Foreign Corporates
1,722.69
(1,980.72)
-258.02
Overseas Pakistani
63.07
(496.75)
-433.68
Grand Total
1,788.21
(2,477.59)
-698.38
F.I.P.I.
Foreign Investment              
Foreign Investors Portfolio Investment (FIPI USD mn)
CYTD
YoY Chg
MTD
Mom Chg.
15-Aug-11
16-Aug-11
Change
Gross Buy
500.03
-36.04%
28.18
-36.44%
0.64
1.79
179.68%
Gross Sell
-506.70
15.02%
-35.37
116.96%
-1.47
-2.48
68.70%
Net Buy/(Sell)
-6.67
-101.92%
-7.19
-125.45%
-0.83
-0.70
-15.66%
S.C.R.A
Country
During the Period FY12TD
15-08-Aug-2011
Cumulative Inflow
Cumulative Outflow
Cumulative
Net flow
Inflow
Outflow
Net Flow
Equity
T-Bill
PIBs
Equity
T-Bill
PIBs
Equity
Equity
Hong Kong
0.70
-
-
1.18
-
-
-0.48
-
-
-
Luxembourg
4.81
-
-
22.48
-
-
-17.66
0.41
0.50
-0.091
Switzerland
5.27
0.05
-
13.70
-
-
-8.36
0.046
0.17
-0.12
UAE
0.86
0.23
-
0.89
1.64
-
-1.95
-
-
-
UK
9.11
0.13
-
22.84
-
-
-13.60
1.16
1.18
-0.002
USA
29.39
-
-
54.77
-
-
-25.38
0.99
2.43
-1.44
Total
56.17
0.41
-
120.02
-
-
-65.59
2.62
4.44
-1.82
News Clippings
Economy

LSM production registers growth of 1.14 percent

The Large Scale Manufacturing (LSM) has registered positive growth of 1.14 percent during the fiscal year 2010-11 over last financial year, according to Federal Bureau of Statistics (FBS). more... (DT)

India imports over Rs 3bn worth of Pakistani dried dates

India has emerged as one of the major importers of dried dates from Pakistan as it imported 914,7817 kilograms (kg) of dates during July-March (2010-11) against the imports of 1029,1128 kg last year. more... (DT)

Export of services up by 4.3 percent

Export of services from the country during the fiscal year (2010-11) witnessed increase of 4.3 percent as compared to the last year, Federal Bureau of Statistics (FBS) reported. more... (BR)

China's ICBC to open two branches in Pakistan

Industrial and Commercial Bank of China (ICBC) , the world's biggest bank by market value, will open two branches in Pakistan this week, State Bank of Pakistan said on Tuesday. more... (BR )

Company & Sector Update

Petroleum prices to be raised in phases

The government approved on Tuesday an increase of 23 to 47 per cent in profit margins of oil marketing companies and dealers, but directed the petroleum ministry to apply it in three phases to avoid a sudden hike in petroleum product prices. more... (D)

Joint strategy to protect interests of textile value chain

Speakers at a roundtable conference on Tuesday called for joint efforts by all sectors of the country’s textile industry to safeguard the interests of the entire value chain. more... (D)

SBP decides to utilise network of 9,000 branches

The State Bank of Pakistan (SBP) has decided to fully utilise the large network of over 9,000 branches of commercial banks for distribution of fresh currency notes. more... (DT)

China keen to expand trade, investment

The Commercial Counselor of China YAN Jianming called on Tariq Sayeed, founder and former president SAARC CCI on Tuesday and discussed trade and investment opportunities in the region. more... (DT)

Political

MQM to rejoin govt before Eid

Sindh Governor Dr Ishratul Ibad met President Asif Ali Zardari here on Tuesday for the second time in 10 days and finalised details of a new alliance between the PPP and MQM .more... (D)

SC informed about hoax ‘security’ threat to FIA office

FIA’s Additional Director General Capt (retd) Zafar Qureshi disclosed before the Supreme Court that his brilliant colleagues had discovered the bomb threat to the FIA office in Lahore the night before he was supposed to resume charge of his position. more...(D)

AJK president, PM, Cabinet members meet Sindh CM

Talking to the delegation, the Sindh CM said the victory, which has been achieved by the PPP in AJK election is an important milestone for Pakistan and Kashmir. more... (DT)

2nd phase of census to start from 22nd

The second phase of Pakistan's sixth population and house census in collaboration with the National Database and Registration Authority (NADRA) will start on Aug 22. more... (DT)

GCC

Omani banks report higher profits

Omani banks boosted their net profits by around seven per cent in the first half of 2011 as they took advantage of high oil prices and better economic conditions to expand credit to the private sector, according to official data. more... (Zawya)

CBD profit falls 38% as provisions rise

While the bank reported a 13 per cent increase in net interest income to Dh94.9 million from Dh84 million reported in the second quarter of 2010, net fee and commission income declined 34.6 per cent from Dh39.81 million in the second quarter of 2010 to Dh26 million in second quarter of this year. more... (Zawya)

Syrian forces intensify attacks on Latakia

More than 42 people were killed in Al Raml district in the port city of Latakia yesterday as security forces intensified attacks on residents, sources from the city told Gulf News. more... (Gulf news)

Murdoch facing fresh parliamentary grilling

A British parliamentary committee investigating phone hacking at a now defunct UK tabloid paper is very likely to recall News Corp executive James Murdoch. more... (Gulf news)

Quote of the Day:
“The greater the loyalty of a group toward the group, the greater is the motivation among the members to achieve the goals of the group, and the greater the probability that the group will achieve its goals.” Rensis Likert quotes

 
Economic Highlights
Economic Indicators
GDP Growth FY12E
4.20%
GDP -2010
$176 bn
Per Capita Income FY10
$ 1,051
Population
176.71mn
US$ Reserves (Aug 06, 2011)
$17.97 bn
Trade Balance ( July 11)
( $-1.44bn)
Curr. A/C (Jul 10-June 11)
$542mn
Remittances (July 10- June 11)
$11.20bn
Foreign Investment (Jul 10- June 11)
$1.92bn
All Sch. Banks Deposit Base (July 15, 2011)
Rs731.34bn
Inflation
CPI Gen. - YoY (July-11) 13.77%
   
CPI Gen. - FY11 (Jul 10- June 11) 13.92%
   
NFNE Core INFL - YoY (July 11) 10.70%
   
NFNE Core INFL -FY11 (Jul-June 11) 9.70%

Money Market

 
Price
Change
15-AUG-11
16-AUG-11
bps
Pakistan Euro Bond Price Yield (Maturity 2016)
86.624
0.14%
10.92%
10.89%
-3.40
     
15-AUG-11
16-AUG-11
bps
Pakistan Credit Default Swap (CDS 5 year) (USD)    
880.05
880.88
0.83

KIBOR Rates (%)
1 month
3 month
6 month
1 Year
Bid
12.99
13.04
13.12
13.22
Offer
13.49
13.29
13.37
13.72

Inter Bank Money Market Rates (Last closing ) (%)
Overnight
1 Week
1-Month
3-Month
6-Month
1-Year
High  
13.40
13.20
13.25
13.25
13.30
13.40
Low  
12.80
13.15
13.20
13.15
13.20
13.25

Key Fx Rates
PKR/USD
PKR/EURO
PKR/JPY
PKR/GBP
PKR/AED
EURIBOR
LIBOR
Closing
86.63
124.78
1.14097
141.62
23.65
1.74
0.46

T Bill Rates (%)
3 month
6 month
12 month
Avg.
13.12
13.25
13.32
Last Cut Off.
13.07
13.28
13.38
Bond Rates (%) Cut Off
Bid
Offer
Previous
Current
5-Y PIB
13.44
13.41
13.43
13.41
10 Y-PIB
13.50
13.48
13.50
13.48

10 Yr Govt bond (%)
Japan
Germany
US
UK
Australia
India
Brazil
Pakistan
Yield
1.02
2.33
2.22
2.56
4.47
8.29
12.61
13.48
Change bps
-2.00
-1.00
-32.00
26.00
-11.00
8.20
0.00
0.00

Commodities

     
16-AUG-11
17-AUG-11
change
WTI (USD/bbl)    
87.49
87.19
-0.34%
     
Brent (USD/bbl)    
109.57
109.40
-0.15%
     
Arab Light (USD/bbl)    
105.78
105.28
-0.47%

Domestic
Current
Previous
Change
High Speed Diesel (litre)
92.10
97.31
-5.35%
Furnace Oil (Rs/ton)
70,004.84
72,041.80
-2.83%
Cement (Rs. Bag Avg)
395.13
396.75.13
-0.41%
Urea Fertilizer (Rs/bag)
1,691.25
1,643.33
2.92%
Gold 24cr (Rs./10gm) Khi
49,585.00
49,107.00
0.97%
Rice IRRI -6(Rs/100kg)
3,741.00
3.700.00
1.11%
KCA Cotton (Rs/mound)
6,400.00
6,200.00
3.23%
International
Current
Previous
Change
Coal Spot(USD/ton)
118.55
121.45
-2.39%
Gold Futures (USD/oz)
1,785.70
1,765.85
1.12%
Sugar 11 (USD/lb)
28.04
27.48
2.03%
Steel (USD/ton)
757.30
756.97
0.04%
Wheat (CBT) (USD/bu)
752.00
741.50
1.42%
PTA (USD/ton)
1,225.00
1,170.00
4.70%
Copper (USD/ton)
8,808.75
8,888.25
-0.89%

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(BR) Business Recorder, (D) Dawn, (N) The News, (DT) Daily Times, (FD) The Financial Daily, (KSE) Karachi Stock Exchange

Separator
Disclaimer:
This Bizz Info is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon. Pak Oman Asset Management Company Ltd. does not assume any liability on it. This Bizz Info or any part of it should not be reproduced, published or distributed without prior permission.